aurora cannabis

Aurora Cannabis looks to shore up finances with $500 million shelf offering

Aurora Cannabis, suffering from red ink, filed a preliminary short-form base shelf prospectus that will allow the licensed producer to raise up to $500 million over a 25-month period when finalized. The Edmonton, Alberta-based company filed the documentation with Canadian securities agencies and the U.S. Securities and Exchange Commission, according to a company news release. […]

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Aurora Cannabis exits Australia’s Cann Group after $28M impairment charge

Alberta-based Aurora Cannabis sold off its stake in Australian medical marijuana company Cann Group, but the Canadian producer says it still sees promise in the Australian market. “We continue to see growth potential in this important market and will maintain active relationships with key distribution partners to enhance availability of Aurora’s portfolio of leading, high […]

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Aurora Cannabis, billionaire Nelson Peltz ‘have concluded their relationship’

Aurora Cannabis and billionaire investor Nelson Peltz “have concluded their relationship,” a spokeswoman for the Alberta, Canada-based company confirmed to Marijuana Business Daily. Peltz’s resignation was announced in a news release Monday along with information about the company’s annual general meeting scheduled for Nov. 12. Peltz signed on as a strategic adviser in March 2019 […]

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Week in Review: Nature’s huge toll on cannabis growers, Illinois social equity questions, legalization efforts & more

Wildfires in the West have devastated a number of marijuana farms in Oregon, Washington state and California, while an early freeze hit Colorado, threatening outdoor marijuana and hemp cultivation. MJBizDaily takeaway: It’s too early to attach a dollar figure to the damages, but costs will be in the millions. In Colorado, it’s likely the early […]

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Macedonian medical cannabis could soon be available in Germany, Poland

PharmaCann Polska recently became the first company to obtain EU-Good Manufacturing Practice (EU-GMP) certification to produce medical cannabis extracts at its facility in North Macedonia, according to its CEO. That brings the Warsaw-headquartered company – along with its production facilities in North Macedonia – one step closer to being able to offer its medical cannabis […]

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Aurora appoints new CEO, signals revenue decline, massive write-downs

Aurora Cannabis has promoted Miguel Martin to CEO, while warning investors to expect declining quarterly revenue and write-downs of up to 1.8 billion Canadian dollars ($1.37 billion) when it reports fourth quarter results in two weeks. Martin, former CEO of hemp company Reliva, joined Aurora as chief commercial officer after it acquired Reliva earlier this […]

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Cansativa chosen as sole distributor of German-grown cannabis

Mörfelden-Walldorf-based Cansativa won the German distribution tender, becoming the sole distributor of all cannabis that will be grown in Germany for medical purposes during the next four years, the company announced in a news release. The company, located in the Frankfurt Rhine-Main Region, will provide logistics, wholesale and distribution services to the German Federal Institute […]

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